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Business

2 December, 2017 00:00 00 AM

‘Focus on SDGs for smooth graduation from LDCs’

UNB

UN Under-Secretary General Fekitamoeloa Utoikamanu has said Bangladesh needs to focus on achieving the SDGs by making its high economic growth sustainable for its smooth graduation from the group of the least developed countries (LDCs), reports UNB.

“It looks like it’s on right track (to graduate to middle-income country)...one of the requirements, we think, is to achieve a 7 per cent growth rate, which Bangladesh has already achieved,” she said in an interview with the news agency during her recent two-day official visit to Bangladesh that concluded on Thursday last.

Fekitamoeloa Utoikamanu said Bangladesh has the 2021 Vision that is targeting to be a middle-income country by 2021.

“I think high economic growth is projected over the next couple of years. So, you need growth rate. Because, the assessment on graduation is dependent on how the country is doing in this area,” said Fekitamoeloa Utoikamanu, who is also High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States.

Utoikamanu said the graduation of a country from LDCs group is linked to the attainment of Sustainable Development Goals (SDGs). “Graduation, I think, is linked to attainment of SDGs, because you look at human development index, economic development, attaining the targets of eliminating poverty and extreme poverty. So, the whole graduation process is also linked to achievement of SDGs.”

She said Bangladesh needs to have the determination to achieve the SDGs by making its high economic growth sustainable.

Utoikamanu said Bangladesh should explore different options for domestic resource mobilisation alongside ensuring concessionary loans and climate financing from donors to implement the global agenda by 2030.

Comments

Focus on SDGs for smooth graduation from LDCs

UNB

UN Under-Secretary General Fekitamoeloa Utoikamanu has said Bangladesh needs to focus on achieving the SDGs by making its high economic growth sustainable for its smooth graduation from the group of the least developed countries (LDCs), reports UNB.
It looks like its on right track (to graduate to middle-income country)...one of the requirements, we think, is to achieve a 7 per cent growth rate, which Bangladesh has already achieved, she said in an interview with the news agency during her recent two-day official visit to Bangladesh that concluded on Thursday last.
Fekitamoeloa Utoikamanu said Bangladesh has the 2021 Vision that is targeting to be a middle-income country by 2021.
I think high economic growth is projected over the next couple of years. So, you need growth rate. Because, the assessment on graduation is dependent on how the country is doing in this area, said Fekitamoeloa Utoikamanu, who is also High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States.
Utoikamanu said the graduation of a country from LDCs group is linked to the attainment of Sustainable Development Goals (SDGs). Graduation, I think, is linked to attainment of SDGs, because you look at human development index, economic development, attaining the targets of eliminating poverty and extreme poverty. So, the whole graduation process is also linked to achievement of SDGs.
She said Bangladesh needs to have the determination to achieve the SDGs by making its high economic growth sustainable.
Utoikamanu said Bangladesh should explore different options for domestic resource mobilisation alongside ensuring concessionary loans and climate financing from donors to implement the global agenda by 2030.

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